PRESS STATEMENT PCC Chairperson Balisacan’s Acceptance of Nomination as Next NEDA Secretary 23 May 2022 Upon the invitation of presumptive President Ferdinand Marcos, Jr., I have decided to help meet the challenges of the economy as Secretary of the National Economic and Development Authority (NEDA) in this important period of our economic history. … continue reading ››
08 April 2022 Re: Effectivity of the Public Service Act amendments PRESS STATEMENT The Philippine Competition Commission (PCC) welcomes the recent signing into law of the amendments to the Public Service Act (PSA), which is a game-changing economic measure that will enable the country to gain new investment and market opportunities and boost our chances to… continue reading ››
27 January 2022 Re: Clarification on PCC role in ABS-CBN frequencies reassignment to AMBS, ABC, and SSMC PRESS STATEMENT The Philippine Competition Commission (PCC) seeks to clarify the role of the competition authority in the re-allocation to various entities of frequencies formerly assigned to ABS-CBN. The re-allocation of the said frequencies in favor of Advanced Media Broadcasting System Inc. (AMBS), Aliw Broadcasting Corporation… continue reading ››
25 January 2022 Re: Robinsons – Ministop Transaction For Immediate Release The Philippine Competition Commission (PCC) received reports of Ministop Japan’s sale to Lotte, including its sale of its joint venture stake in the Philippines. As local partner, Robinsons Supermarket Corp. currently has a 60% stake in Robinsons Convenience Stores Inc., the franchisee of Ministop in the Philippines. Yesterday, the company announced that it… continue reading ››
28 December 2021 Re: UnionBank-Citibank and Century Pacific Food-Ligo transactions PRESS STATEMENT To date, the Philippine Competition Commission (PCC) has not yet received the notification submissions of Unionbank to acquire Citibank‘s consumer banking unit and Century Pacific Food (Century Tuna) to buy Ligo Sardines and Potato Corner. Given the P50-B thresholds qualification, the parties are encouraged to conduct due diligence to check if they meet the… continue reading ››
PRESS STATEMENT PCC M&A Review Moratorium in the Bayanihan 2 Act 14 September 2020 As part of its response to the COVID-19 pandemic, the Bayanihan To Recover As One(Bayanihan 2) Act exempts from compulsory notification those mergers and acquisitions with transaction value of less than P50 billion which are entered into within two (2) years from… continue reading ››
SMC-Holcim Transaction 12 May 2020 The Philippine Competition Commission (PCC) received information that San Miguel Corporation’s subsidiary, First Stronghold Cement Industries, Inc. (FSCII), shall no longer proceed in acquiring Holcim Philippines, Inc. (HPI) upon the lapse of the parties’ agreement on Sunday, 10 May 2020. The PCC, however, has yet to receive formal notice from the… continue reading ››
PRESS STATEMENT Motorcycles (MCs) as public transport and multi-homing approach 24 January 2020 The use of motorcycle (MC) taxis as a mode of public transportation has given commuters an additional option amid worsening traffic conditions in urban areas. In many rural areas around the country, these habal-habal are widely used as main transport. The Philippine… continue reading ››
PRESS STATEMENT 18 November 2019 Re: Grab’s Extended Undertaking and Fines Colleagues from the Philippine Competition Commission, friends from the media, good morning. We are pleased to announce that the Philippine Competition Commission has approved a new set of commitments undertaken by Grab to address the lingering competition concerns in the ride-hailing… continue reading ››